ZEW Survey – Economic Sentiment 14 May 11:00

The Economic Sentiment published by the Zentrum für Europäische Wirtschaftsforschung measures the institutional investor sentiment, reflecting the difference between the share of investors that are optimistic and the share of analysts that are pessimistic. A positive number means that the share of optimists outweighs the share of pessimists. usually, an optimistic view is considered as positive (or bullish) for the EUR, whereas a pessimistic view is considered as negative (or bearish).

Previous 43.9

Forecast 46.1

The typical/expected impact on EUR pairs is medium.

The consensus forecast for ZEW Survey – Economic Sentiment is 46.1. A higher value than forecast tends to be bullish for EUR/xxx pairs and bearish for xxx/EUR pairs.

The ZEW Indicator of Economic Sentiment for the Euro Area rose by 10.4 points to 43.9 in April 2024, the highest since February 2022 and above market expectations of 37.2. In April, 45.1 percent of the surveyed analysts expected no changes in economic activity, 49.4 percent expected improvement and 5.5 percent predicted a deterioration. In the meantime, inflation expectations went up by 15.2 points to -49.1 and the indicator of the current economic situation increased by 6 points to -48.8

ZEW Economic Sentiment Index In the Euro Area increased to 43.90 points in April from 33.50 points in March of 2024. ZEW Economic Sentiment Index in Euro Area is expected to be 47.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Euro Area ZEW Economic Sentiment Index is projected to trend around 7.00 points in 2025 and 12.00 points in 2026, according to our econometric models.

In the Euro Area, the ZEW Economic Sentiment Index measures the level of optimism that analysts have about the expected economic developments over the next 6 months. The survey covers up to 350 financial and economic analysts.